Law Firm Helping Protect Your Assets During A California Divorce
In a California divorce, the division of marital property is a critical process that determines your long-term financial health. Whether you are concerned about keeping your home or protecting your business interests, The Law Offices of Keith F. Simpson, provides the dedicated legal support you need. We work closely with you to evaluate your assets and ensure you are prepared for the road ahead.
Addressing Common Concerns Regarding Property And Debt
Every divorce presents unique challenges when it comes to separating shared lives and finances. There is a lot you may not understand or anticipate, which can make you feel scared and defensive about the future. This is normal. You may be wondering:
- What happens to our debt?
- Can I keep part of our business?
- What if we have retirement savings and other valuable assets together?
- Can I stay in our house?
Let our attorney address your questions and help you understand what to expect and how to get the things you need for yourself going forward. You can reach us at 310-297-9090.
What Is Considered Marital Property For Asset Division?
Marital property, also called community property, is property that you and your spouse acquire during your marriage. This means initial property you own, such as a house or a business, prior to your marriage is generally considered yours. This also applies to inheritance and certain other types of property.
However, property that initially was yours alone may have become marital property over the course of your marriage. Here is how: If you and your spouse have refinanced a loan, if you have put your spouse’s name on your property or relied on your spouse as a contributor to a loan or mortgage, that property may be community property. The legal change in your property or their contribution can lead a California court to define property as shared, even if that is not the case on paper.
This means that some of your property you think is yours alone may actually be subject to division.
Hiring A Lawyer Is The Best Way To Protect Your Assets
The courts try to divide assets up as evenly as possible. But this does not mean that they prioritize your property the same way you would. At The Law Offices of Keith F. Simpson in Manhattan Beach, our attorney advocates for you so that you have the best chances possible for a positive result.
Our lawyer and team do more than just talk you through the legal process. We put you first. Email us for a consultation today, or call our office at 310-297-9090.